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believe that is true. some years ago i went to india and interviewed a boss there. he was a social i-and party had been in charge of that parts of india for years but despite the poverty he should have seen all around him, he said the free market and american capitalism are no good. >> political boss of india that i visited, it's not surprising this is the poorest part of country. >> it's poor because of your stupid policy, no? >> socialism just works better? >> that interview was done years ago. he and his party continued to rule and plan for another dozen years only this may after indian voters got upset watching businesses and jobs flee to other parts of india did they vote the socialist government out, overwhelmingly. but the socialists ruled for decades because central planning makes sense to people. life is complex we can't pay attention to everybody. we have lives. of our intuition tells us someone should be in charge. what would be the economy be like if no one was in charge? well, it would be pretty good actually. certainly better than one is centrally planned. look at this
with those nations known as the brick countries, brazil, russia, india and china. last two have over the last five years both ranked among the top 40 most improved countries in terms of easing the regulatory practices on businesses. >> i suspect they will continue to be on deregulatory track. it's not the u.s. gets terrible grades on this. we need to do better. >> in 2010 and for the fifth consecutive year the world bank doing business survey which ranks 183 economies in terms of their regulatory burden found singapore to be the world's friendliest environment. the u.s. is in fifth place, they were third in 2009 and saw america buck ago worldwide trend. >> that trend has seen 85% of the world's economies over the last five years to take step stoems make it easier for local entrepreneurs to operate. 61 countries fared better than the u.s. in the tax burden on business owners. >> where do we fall in the rankings of industrialized states? >> ten years ago, america was plates to grow a business. it's not true anymore today. i think americans are better than most european countries, it is still ea
Search Results 0 to 2 of about 3 (some duplicates have been removed)

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